Sugar prices to be fixed, Court gives respite?

Lahore High Court hears petition against increase in sugar prices. 

According to reports, the Court has given the government and sugar mill owners the time for consultation. The Court has asked the Chief Secretary to make a decision. The Court inquired whether stakeholders have been taken on board however, no official response has been received.

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According to Article 18, the owners of the sugar mills have the right to appear before Court. It was remarked that while the government has the right to fix pricing, all stakeholders should be involved to decide if a problem concerning pricing arises.

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Sugar for the price of Rs.70 was fixed in the Islamabad High Court with the consent of both parties. Now the price is being fixed at Rs.85 for which the parties are not willing to settle. Meanwhile, the biggest problem in the country is inflation.

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According to reports, government officials and sugar mill owners have been ordered to appear before the Court at 4 o’clock. Reportedly, Advocate General Punjab Ahmed Owais appeared in the court, Secretary Industries, Cane Commissioner and representatives of FBR appeared in the court. Justice Shahid Jamil Khan heard the petition of Tandlianwala Sugar Mills and others.

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